Model Risk (Rates) (Risk Management) : Job Level - Vice President

What you'll do

• Validate model soundness, performance, documentation, limitations, and controls through independent quantitative testing.
• Identify, assess, report, and escalate model risks; communicate findings and track remediation with stakeholders.
• Manage the team’s book of work, including distributing work and prioritizing focus areas; produce review reports for senior management and governance forums.

What they ask for

• Master’s degree or PhD in a quantitative discipline or Finance, with a strong foundation in numerical methods, probability theory, stochastic calculus, and quantitative finance applications.
• Experience managing and leading a global team.
• Strong quantitative, analytical, communication, and stakeholder-engagement skills, including comfort leading meetings with senior leaders.

Pay

$120,000 and $210,000 year (base pay)

AI focus

The team reviews models based on artificial intelligence and machine learning, including Generative AI solutions; this role’s stated validation responsibility focuses on Rates, FX, and Commodities derivatives pricing models and tools.